In the Margins

Could Trump buck tradition with SEC nominations?

March 22, 2017

By InvestmentNews

President Trump's unpredictability may extend to his appointment of Securities and Exchange Commissioner members, according to financial industry government relations officials. "He may choose independents. He may not even follow the Democratic/Republican staffing of the commission," Jeffrey Brown, senior vice president at Charles Schwab & Co., said at the Securities Industry and Financial Markets Association compliance and legal conference in San Diego. "He's going to say [to Congress]: 'You've had your opportunity, and now I'm going to decide who I want on the commission.' Trump could do extraordinary things. We've seen that as a candidate, and now we're seeing that as a president." Read the original story from InvestmentNews.